SME global trade empowerment
This is why HSBC Bank Egypt has recently launched an EGP3 billion Foras Trade Fund to help SMEs expand into new attractive markets abroad.
Enabling easy access to trade finance with HSBC’s unique expertise and connections across global markets, the fund is open to new and existing customers with cross-border trading requirements, or those who aim to grow internationally, especially in the industrial and service sectors.
“We launched the HSBC Trade Foras Fund to help SMEs achieve their strategic objectives, whether locally or internationally, as they grow their businesses,” Farid says.
HSBC’s tailored solutions enable its customers to grow their businesses internationally by achieving working capital efficiencies, capitalising on global growth opportunities and managing the risk of trading and expanding across the markets.
Spearheading the use of cutting-edge technologies, HSBC has accelerated the deployment of innovative digital banking solutions to help its clients navigate safely and seamlessly through the many adversities caused by the coronavirus pandemic.
“Our dedicated Relationship Management team and new trade fund are complemented by our best-of-class digital solutions where we recently launched a simplified version of our global award-winning internet platform HSBCnet specifically catering to SMEs, which allows faster access to payments, while also being supported in Arabic,” Farid says.
The bank launched its HSBCnet mobile application in Egypt in August 2020 to help corporate customers access their accounts while on the move and manage their trade financing by integrating key tools such as trade authorisation and a trade transaction tracker.
The bank’s flagship HSBCnet Internet Trade Services (ITS) enables its clients to initiate and manage trade transactions locally and internationally with access to real-time trade account information anywhere and anytime.
“Such a range of services showcases our commitment to the SME and Business Banking sectors in Egypt,” Farid says.
Unique market insights
To stand out in the rapidly evolving market, it is key to select a banking partner such as HSBC, which is able to connect internationally oriented businesses to global opportunities and support their expansion.
The bank’s leading innovative digital banking solutions, combined with nearly 40 years’ experience in Egypt and global connectivity across 64 countries and markets, offer a seamless and secure experience to its customers along with access to over 90 percent of the world’s trade flows.
HSBC is committed to help SMEs expand with a dedicated relationship team, tailored offers and solutions, which will enable them to fulfill their ambitions as well as support the Egyptian economic growth.